• USDCHF reversed resistance level 0.9250
• Likely to fall to support level 0.9110
USDCHF recently reversed down from the pivotal resistance level 0.9250 (which has been reversing the price from the end of November), intersecting with the upper daily Bollinger Band and the 61.8% Fibonacci correction of the downward wave (ii) from November.
The downward reversal from the resistance level 0.9250 created the daily reversal pattern Dark Cloud Cover.
Given the strength of the resistance level 0.9250 – USDCHF currency pair can be expected to fall further toward the next support level 0.9110 (which has been reversing the pair from August).
- EURCAD reversed from pivotal support level 1.4900 - Likely to rise to resistance level…
- EURUSD reversed from support level 1.1030 - Likely to rise to resistance level 1.1200…
The unwinding of the carry trade in the FX market continues, with the major safe…
Market Picture The pressure on risk assets continues, pushing the crypto market capitalisation back below…
- AUDUSD reversed from support level 0.6700 - Likely to rise to resistance level 0.6800…
- Gold reversed from support level 2475.00 - Likely to rise to resistance level 2535.00…
This website uses cookies